Detailed text transcripts for TV channel - MSNBC - 20110417:18:36:00
You're a part of many battle and budget wars. is it realistic? >> the data shows something very interesting about endeavoring to curtail budget problems with the attack that we have. the imf, a number of well-known academics have all observed that if you'd have a disproportionate part of your budget cuts from tax increases, it won't work. and indeed, the economic impact of cutting back on spending is rather modest, and the imf is saying, to the point of possibly being insignificant. but having said that, i think this crisis is so imminent and so difficult that i think we have to allow the so-c...